Insider Buying: Bingo.com major shareholder Purchases $12,512 in Stock (BNGOF)
Bingo.com (NASDAQ:BNGOF) major shareholder Tryon M. Williams purchased 29,790 shares of the stock on the open market in a transaction that occurred on Thursday, June 26th. The shares were purchased at an average cost of $0.42 per share, for a total transaction of $12,511.80. Following the completion of the purchase, the insider now directly owns 20,203,964 shares of the company’s stock, valued at approximately $8,485,665. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Shares of Bingo.com (NASDAQ:BNGOF) traded down 11.11% on Friday, hitting $0.40. The stock had a trading volume of 1,500 shares. Bingo.com has a 52-week low of $0.13 and a 52-week high of $0.65. The stock has a 50-day moving average of $0.46 and a 200-day moving average of $0.44. The company’s market cap is $27.9 million.
Bingo.com, Ltd. is in the business of owning and marketing a bingo based entertainment Website that provides a range of Internet games plus other forms of entertainment, including an online community, chat rooms, and more.
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